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Celero Commerce completes acquisition of Precision Payments to expand electronic payments technology

Nov 14, 2024•about 1 year ago

Acquiring Company

Celero Commerce

Acquired Company

Precision Payments

NashvilleSarasotaSoftwarePayments

Description

Celero Commerce, Tennessee’s fastest-growing financial services firm, has acquired Precision Payments, an electronic payments technology provider. This acquisition strengthens Celero’s presence within the multi-lane retail industry and broadens its network of sales professionals serving local communities across North America. With the addition of Precision, Celero’s annual card processing volume across North America is expected to exceed $28 billion.

Company Information

Company

Celero Commerce

Location

Nashville, Tennessee, United States

About

Headquartered in Nashville, Celero Commerce is a full-service, integrated electronic commerce solutions provider powered by leading-edge technology, strategic partnerships, and business intelligence. Celero offers small and medium-sized businesses payment processing services, business management software, and data intelligence, empowering them to drive growth and profitability. Celero is a top ten non-bank processor of electronic payment transactions in the world.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed